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Author Question: When the inflation rate rises, the purchasing power of nominal income: a. remains unchanged. b. ... (Read 96 times)

sarasara

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on: Jun 30, 2018
When the inflation rate rises, the purchasing power of nominal income:
 a. remains unchanged.
  b. decreases.
  c. increases.
  d. changes by the inflation rate minus one.

Question 2

The tax multiplier is greater than the spending multiplier regardless of the value of the marginal propensity to consume (MPC).
 a. True
  b. False
  Indicate whether the statement is true or false


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hanadaa

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

False


sarasara

  • Member
  • Posts: 521
Reply 2 on: Jun 30, 2018
Excellent

kthug

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Great answer, keep it coming :)

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